Empire Metals (LON:EEE) Shares Down 4.4% – What’s Next?

Empire Metals Limited (LON:EEE)’s stock price was down 4.4% during mid-day trading on Friday . The company traded as low as GBX 6.50 ($0.08) and last traded at GBX 6.50 ($0.08). Approximately 1,002,119 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 3,422,509 shares. The stock had previously closed at GBX 6.80 ($0.09).

Empire Metals Stock Down 4.4 %

The firm has a market capitalization of £41.25 million, a price-to-earnings ratio of -167.50 and a beta of 1.80. The firm has a fifty day moving average price of GBX 6.49 and a 200 day moving average price of GBX 7.60. The company has a current ratio of 14.31, a quick ratio of 20.03 and a debt-to-equity ratio of 0.12.

About Empire Metals

Empire Metals Limited engages in the exploration and development of properties in the United Kingdom, Australia, and Austria. The company explores for copper, gold, lithium, titanium, and other minerals. It holds 75% interest in the Eclipse-Gindalbie Project located to the north of Kalgoorlie, Western Australia; 70% interest in the Pitfield Project comprising four granted exploration licenses covering 1,042 square kilometers located in Western Australia; and 70% interest in the Walton project located in Yerilgee greenstone belt near Perth.